Tag: Dry bulk iron ore freight
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Dry bulk iron ore freights show mixed trends; Australia-China rates weaken amid China-BHP standoff
Pacific basin freight rates drop on fixtures at lower levels China’s BHP iron ore restrictions cloud outlook Dry bulk iron ore freight rates rose this week on the Brazil-China and South Africa-China routes, supported by a handful of fixtures from Brazil, while activity out of South Africa remained subdued. In contrast, India-China and Australia-China rates…